The Department for International Trade has set out the support on offer for some 160,000 UK exporters and international investors.
Through direct communication sent last week, the DIT outlined how firms can secure export finance to enable them to keep trading during the pandemic as well as advice on other financial support available to businesses.
Another part of the financial support covers the eligibility to secure export insurance across markets ranging from the EU and Japan to New Zealand and Switzerland – available with immediate effect. This follows UK Export Finance expanding the scope of its export insurance policy.
International Trade Secretary, Liz Truss commented that: “During this turbulent time, we are taking every step we can to ensure UK exporters are protected and that the economy remains strong. As part of this, the UK government has emailed 160,000 exporters and investors across the country to outline the support measures available to them.
“The government’s network of trade, policy and business specialists across the UK and around the world will continue to provide support where it is most needed, to ensure the country can continue trading during this difficult time.”
The government has also announced plans to waive import taxes on medical equipment which will directly aid in the fight against coronavirus including ventilators, testing kits and personal protective equipment.
For more on what support is available for UK businesses, visit the government website here.